Shannon Beador and construction company owner David Beador finally agreed on the financial terms of their divorce settlement.
- RHOC star Shannon Beador and her ex-husband David finally reach on the financial agreement of their divorce settlement.
- The couple filed for divorce in December 2017 after 17 years of marriage.
- The former pair has three daughters, Sophie, 17 and 14-year-old twin daughters Adeline and Stella.
- In addition to spousal support and property, they will share joint legal and physical custody of their children.
"Real Housewives of Orange County” star Shannon Beador has finally settled her divorce with her former husband David Beador. She will receive $1.4 million from her ex-husband including $10,000 a month from him.
Shannon Beador with her then-husband David Beador. SOURCE: ET Canada
Shannon, 55, filed for divorce from David in December 2017 in Orange County Superior Court 17 years after getting married. As per the court documents obtained by The Blast, they reached a settlement over the property and support on 25th April.
The former pair share joint legal and physical custody of their three daughters, 14-year-old twins Adeline and Stella, and Sophie, 17. David will pay $10,000 a month that includes $2,935 a month in child support and $7,065 spousal support.
The document state,
"The parties shall communicate with one another to ensure the children are appropriately cared for at all times. The parties shall cooperate to promote healthy parent-child relationships between each party and each of the children, and neither party shall make derogatory remarks about the other in the presence of the children."
In addition, she keeps a 2018 BMW 7 Series sedan, a 2015 Cadillac Escalade, her entertainment company and a couple of bank accounts. Her ex-husband, on the other hand, gets home in Corona, CA, a 1998 Ford Expedition, a 2008 Ford Explorer, a 2017 BMW XS, a 2018 Porsche Carrera Turbo, a 2018 Ford Raptor Truck, and a 2011 Land Rover Range Rover.
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Meanwhile, Shannon will also receive a one-time payment of $1.4 million "to equalize the division of community property as set forth herein" the documents mention.
"By way of illustration, the monthly child support effective May 1, 2019, shall be $2,935, and therefore Respondent shall pay Petitioner $7,065 per month in spousal support — making the combined support payment $10,000,” the documents state. “It is the parties’ bargained-for agreement for this stipulated order that Respondent shall pay Petitioner $10,000 per month in combined child and spousal support for ten (10) years, and no more and no less than the $10,000 per month in combined child and spousal support."
The documents continue,
"Respondent shall pay Petitioner, as and for non-modifiable, nontaxable, non-deductible spousal support, the sum of $10,000 less the amount of any monthly child support then in effect, payable on the first day of each month, commencing May 1, 2019, and continuing thereafter on the first day of each month until the last payment on April 1, 2029, and after such payment, spousal support shall terminate forever."
Shannon and her ex-husband David went through many ups and downs in their relationship through the time she starred on RHOC. She revealed that her husband was unfaithful to her during season 10.
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Though they spent much time in couple counseling and therapy in order to protect their marriage, their marriage broke down in the end.